Market Update for June 5, 2019
In today's update:
1) U.S. Equity markets post gains for a second straight day as Traders continue to hope for a rate cut. The Dow Jones Industrial Average gained 207.39 or 0.82%, the S&P 500 added 22.88 or 0.82% while the Nasdaq 100 closed higher by 48.36 or 0.64% and the Russell 2000 finished lower by 1.77 or 0.12%.
2) Crude Oil Futures plunged again closing lower by $1.78 or 3.33% after a surprise build in U.S. crude stockpiles while Gold Futures climbed to a 15-week high gaining $6.10 or 0.46%. The Bond market traded lower and the yield on the 10-year Treasury Note settled at 2.134%.
3) Cloudera Inc. (CLDR) hit a fresh all-time low during today's regular trading session dropping $0.31 or 3.40% but the selling did not end there. After-market close, the company released earnings and announced a much bigger than expected loss and confirmed that their CEO will be leaving at the end of July. Shares of CLDR are currently trading lower by $2.79 or 31.70% in the after-hours trading session.
About the author
Vince Vora is the head trader at TradingWins.com. Over the last three decades, he has been trading and refining his trading systems that are based on technical analysis and price action. Over the last few years, his focus has been on teaching people how to become better traders. His systems range from simple to sophisticated and can be used in any market conditions to trade stocks, options, futures and forex. By: TradingWins Team
